ssing the USD 89.45 billion that was forecast. Imports of goods jumped USD 18.6 billion to USD 281.5 billion, while goods exports dipped USD 0.1 billion to USD 178.0 billion. An ebb in import flows in Q2 led to a sharp contraction in the trade deficit, which added a record 4.95 percentage points to GDP growth that period, when the U.S. economy grew at a 3.3% annualized rate. GDP had previously contracted at a 0.5% rate in the January-March quarte...

News  Updated at: 2025/08/30

lity in Four Ashes near Wolverhampton (West Midlands). The new plant has state-of-the-art stamping equipment in its 50,000 square metres facility. It will include the production capability of the existing Gestamp Cannock plant when the existing capacity is transferred. Gestamp has invested close to GDP 50 million to date in the region. The new plant will bring a completely innovative technology of hot stamping. That includes one of the biggest ho...

Major Suppliers  Updated at: 2025/08/28

s. On trade, MSIL welcomed India’s free trade agreement with the UK, calling it a template for future pacts to support exports and production growth. MSIL highlighted continued weak growth in India’s car market, citing stricter emission and safety norms, including BS 6. Despite India’s strong GDP growth, car ownership remains low. It noted that this muted growth is happening as the small car segment, a historical industry driver, continues ...

News  Updated at: 2025/08/06

hospitals, medical colleges, shopping complexes, hypermarkets, warehouses, office spaces, community centres, banks, and financial institutions. The 335-acre project is set to attract around USD 10 billion in investment and, once operational, is expected to contribute USD 5-6 billion to the UAE’s GDP while generating approximately 4,000 jobs in Ras Al Khaimah Economic Zone (RAKEZ). Based on Erisha Smart Manufacturing Hub- RAKEZ's social media ...

News  Updated at: 2025/08/06

) rotors-Brake calipers-Wheel spindles Financial Overview   -In the fiscal year ended December 31, 2024, the Company’s sales decreased by 19.1% from THB 3,973.9 million in the previous year to THB 3,214.5. The decrease was mainly due to the country’s persistently high household debt-to-GDP ratio, which has led to stricter lending practices since late 2023 until now, especially for automobiles, thus affecting total domestic car sales....

Major Suppliers  Updated at: 2025/07/31

atitude, longitude, start and end time as well as the vehicle type. With data privacy being its highest priority, Bridgestone has implemented several layers and methods to anonymize and aggregate the data, including density-based spatial clustering of applications with noise, and in compliance with GDPR guidelines. (From a press release dated October 13, 2021) Bridgestone Corporation (Bridgestone) inaugurated the expansion project of its tire man...

Major Suppliers  Updated at: 2025/07/28

wing two years. This puts the market firmly in contractionary territory in 2025. BrazilFor 2025 as a whole, our forecast stands at 2.54 mn units, up by 2.5% YoY. This outlook represents a slight upward revision from our projections three months ago, as the market continues to display strength, and GDP is expanding more quickly than previously thought. In theory, higher interest rates should start to tame inflation as the year progresses, althoug...

Market & Tech Reports  Updated at: 2025/07/28

domino effect. This strategic engagement forms part of the Indonesian government’s ongoing efforts to strengthen industrial diplomacy, promote a favorable investment climate, and safeguard the sustainability and global competitiveness of the automotive industry, a key contributor to Indonesia’s GDP and manufacturing exports. (From Indonesia's Ministry of Industry social media updates)...

News  Updated at: 2025/07/15

ustry (INA), the value of auto parts production in 2024 increased 1.2% y/y to USD 121.69 billion, a record high for the third consecutive year.   However, the impact of the U.S. Trump administration's tariff policies on both the U.S. and Mexican economies is beginning to become apparent, with real GDP growth in Q4 (October-December) of 2024 negative (-0.6%) for the first time in three years (+1.3% for the full year of 2024). Preliminary GDP figu...

Market & Tech Reports  Updated at: 2025/07/11

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Production Data  Updated at: 2025/07/04

its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Production Data  Updated at: 2025/07/04

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Sales Data  Updated at: 2025/07/03

its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Sales Data  Updated at: 2025/07/02

nties, and outcomes of negotiations on trade tariffs imposed by the U.S. that have an adverse impact on the overall local economy are expected to weigh on Malaysia’s economic growth and have an adverse impact on the broader automotive market. While the Philippine market continues to post moderate GDP gains, the overall automotive sector faces slower momentum due to inflationary pressures, subdued global demand, and intensified competition from ...

News  Updated at: 2025/06/18

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Production Data  Updated at: 2025/06/04

ger car production was up 10.7% to 365,401 units, commercial vehicle was up 14.3% to 46,927 units.Mike Hawes, CEO of SMMT said "Another month of growth for UK car production is good news and a sign that, despite challenging economic conditions, the industry’s foundations are strong. But with weak GDP growth, high inflation and rising interest rates, it’s crucial that UK car factories stay globally competitive. All political parties must recog...

Automotive Production Data  Updated at: 2025/06/04

2, supported by the transport of goods forced onto roads due to the rail inefficiencies. The country’s weak economic growth rate, although still marginally positive, remains a key challenge for the new vehicle market going forward in view of the close correlation between new vehicle sales and the GDP growth rate. With a modest GDP growth rate of 1% projected for 2024, the new vehicle market would likely only improve by single digits of around 5...

Automotive Sales Data  Updated at: 2025/06/04

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Sales Data  Updated at: 2025/06/04

ording to NAAMSA, while the new vehicle market has seen substantial growth since the initial shock, it has not been sufficient to return to pre-pandemic levels in 2021.A sustained higher domestic economic growth rate is essential to support higher domestic new vehicle sales volumes. However, with a GDP growth rate forecast of a moderate 1.8% in 2022, the new vehicle market is expected to continue its gradual recovery during the year, but at a slo...

Automotive Sales Data  Updated at: 2025/06/04

division (Vehicles Assembly, Manufacturing, Distribution & After-Sales Services) dropped 1.5% to MYR 530.5 million. Looking ahead, Tan Chong remains focused on recovery amid global uncertainties and a projected decline in Malaysia’s auto market, supported by resilient domestic demand and positive GDP forecasts. Strong early sales of the Nissan Kicks e-POWER and the upcoming TQ Wuling Bingo EV reflect its EV push.  In Vietnam, GAC models, notab...

News  Updated at: 2025/05/26